Market Moving News: USD/JPY - Jan 2

By IBT Staff Reporter On 01/02/10 AT 6:05 AM

USD/JPY - 92.10.. The greenback continued to move sideways against the yen in Europe amid thin market condition. Japan's Ministry of Finance says it did not intervene in the FX market from Nov 27 to Dec 28. Offers fm various accounts are placed below intra-day high of 92.26 n around 92.50 with stops emerging abv latter lvl. On the downside, bids (some are cross-related) are place at 91.80/90 n around 91.50 with stops reported at 91.05/15.